Prices for New Zealand’s exported logs on the rise as demand in China is strong
Domestic demand for logs and sawn timber in New Zealand remains strong with regional differences in log supply and demand due to previous mill closures, and increased harvest volumes in the better weather conditions. According to a interest.co.nz report, the October At Wharf Gate (AWG) log prices received by New Zealand forest owners increased by NZ$4-5 per JASm3 from the September prices. Demand for logs remains strong in China driven by domestic consumption for construction, however China’s export markets for furniture and other wood products remains weak, interest.co.nz reports. ...
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